BREAKING NEWS

World Bank praises Palestinian state building drive

By REUTERS

APRIL 7, 2011 17:44

JERUSALEM - The World Bank gave a strong endorsement on Thursday to Palestinian efforts to set up an independent state, saying core Palestinian institutions compared favorably with those in established nations.

The World Bank report followed a similar vote of confidence this week from the International Monetary Fund, with both Washington-based bodies praising the Palestinian Authority for creating the structures needed to maintain a sovereign state.

"The PA has continued to strengthen its institutions delivering public services and promoting reforms that many existing states struggle with," the World Bank report said.

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